Bitcoin

Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person



Markets

Bitcoin Unlikely to Be Destabilized by Real Yields, Crypto Observers Say

The rise in real yields is more of a headache to blue chip stocks than to markets like technology or crypto and will not disrupt the medium-term growth story, one observer said.

Opyn's Crab strategy offers a new way to generate yield in a comatose market. (James Coleman/Unsplash)

Markets

First Mover Americas: Traders Place Big Bets on Ether for Second Half of 2023

The latest price moves in crypto markets in context for July 3, 2023.

(Unsplash, Kanchanara)

Markets

First Mover Asia: Bitcoin Maintains $30K as Prospective Issuers Refile ETF Applications

PLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss.

Paperwork (Scott Graham/Unsplash)

Markets

Sudden Crypto Volatility Spurs $216M in Losses, Liquidating Both Long and Short Positions

Cryptocurrency prices rose early Friday but then dropped sharply following a report that the SEC had deemed recent spot BTC filings inadequate.

Crypto liquidations (CoinGlass)

Markets

Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings Inadequate

Spot bitcoin ETF applications from BlackRock and Fidelity, among others, had helped drive bitcoin higher over the past two weeks.

Bitcoin daily price chart. (CoinDesk Indices)

Markets

First Mover Americas: Fidelity Joins the Rush for Spot Bitcoin ETF

The latest price moves in crypto markets in context for June 30, 2023.

Fidelity Investments sign (Jonathan Weiss/Shutterstock)

Markets

Bitcoin Steady Near $31K After Options Expiry; Dollar Index Rises Before Key U.S. Inflation Data

With the expiry done, the supposed price magnet at $26,500 from the max pain point is gone and prices could resume the upward journey, a common pattern during the bull market days of 2021.

Bitcoin price. (CoinDesk/Highcharts.com)

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